Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

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The group has denied these allegations, Fitch added.

The affirmation of ratings of AGEL RG1, AGEL RG 2, AESL RG and AICTPL reflects the ring-fencing structure of these restricted groups.

The entities whose outlook has been revised to “negative” are rated “BBB”.

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Category: BusinessFinance

Markets: India

Topics: Bribery charges Debt amortisation Fitch Ratings Governance practices Adani Group US SEC RWN Adani Green Energy Limited Adani Group firm Adani Electricity Adani Ports Department of Justice Funding access Credit lines Corporate governance risk Rating Watch Negative Ratings affirmation Restricted groups Higher funding costs AGEL Financial flexibility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 10:28:06 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23876873

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